Munich / DE. (bag) Germany’s BayWa AG closed the financial year 2022 by setting new records in revenues and earnings. In doing so, the company continued the outstanding business performance that had already been indicated over the course of the year and successfully built on the growth momentum of previous years despite the numerous challenges facing the market. The SDAX-listed Group recorded earnings before interest and tax (Ebit) of EUR 504.1 million (2021: EUR 266.6 million) – up almost 90 percent year on year. Revenues stood at EUR 27.1 billion in 2022 (2021: EUR 19.8 billion). The BayWa Board of Management will propose to the Supervisory Board to raise the dividend for 2022 to EUR 1.10 per share. In addition, a special dividend of 10 cents per share is to be paid this year to mark the 100th anniversary of BayWa AG.
BayWa’s supply function withstands uncertainty
«In a volatile market environment characterised by scarce resources and supply bottlenecks, BayWa proved in 2022 that it is a resilient partner times of crisis,» says Prof. Klaus Josef Lutz, Chief Executive Officer of BayWa AG. «In the financial year just ended, we witnessed a high level of demand in the areas of heat energy carriers, agricultural inputs and building materials – combined with a keen need for supply reliability and stability on the part of our customers. Thanks to forward-looking inventory and risk management, a broad supplier network and the knowledge and experience acquired over our company’s 100 years in business, we succeeded in meeting these needs and building on the growth momentum of recent years.» Detailed figures for FY-2022 BayWa AG will publish on 30 March 2023.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Starbucks: Reports Q4 and Full Year Fiscal 2024 Results
- Luckin Coffee: Announces Q3-2024 Financial Results
- Bunge Global SA: Reports Third Quarter 2024 Results
- Cheesecake Factory: Reports Q3-2024 Financial Results
- Sysco: Reports Q1-2025 Financial Results
- Mondelez International: Reports Q3 2024 Results
- Brinker International: Reports Q1 Of Fiscal 2025 Results
- Grupo Bimbo: Reports Third Quarter 2024 Results
- Paulig Group: strengthens position in World Foods
- Corbion: Q3-2024 Interim Management Statement
- Gruma: reports third quarter 2024 results
- AAK: announces Interim report for Q3-2024
- Darling Ingredients: Reports Q3-2024 Financial Results
- AAK: divests its North American Foodservice site
- Valora strengthens global leadership in pretzel market
- Coca-Cola Company: Reports Q3-2024 Financial Results
- Starbucks: reports preliminary results, suspends guidance
- Aryzta AG: announces 9M-2024 Interim Report
- JAB Acquires Mondelez’s Stake in JDE Peet’s
- Just Eat Takeaway.com: Q3-2024 Trading Update